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Myer hasn't issued a sales update since March, leaving investors and analysts in the dark.

Myer vows to shrink its board and cut fees after investor pressure

The department store chain has agreed to cut its board of directors by two and slash its board fees in response to pressure from its second-largest shareholder, Geoff Wilson.

  • by Dominic Powell
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Copyright © 2020. Market data information displayed on The Sydney Morning Herald is sourced from Morningstar and ASX and is subject to their terms and conditions as set out in our conditions of use. The Sydney Morning Herald does not accept any responsibility for the accuracy and/or completeness of such data or information.

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Companies

Scentre Group chose debt rather than the equity the market expected after it wrote down the value of its retail centres by $4 billion at the half-year.

Scentre Group's unconventional $4b option fits the peculiar times

The market expected equity but Westfield operator Scentre Group gave it debt as it shored up its balance sheet during the pandemic. It’s not for everyone, but it will appeal to some in these most peculiar and uncertain times.

  • by Stephen Bartholomeusz
Artist impression of proposed development of the Waverley Bowling Club, Waverley, Sydney

Seniors living development plans at Waverley Bowling Club

The Waverley Bowling Club is being offered for sale with an approval to construct apartments that will include a new clubhouse and bowling greens.

  • by Carolyn Cummins
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Banking & finance

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Startups

Citadel chief executive Mark McConnell, the technology business was acquired by private equity firm Pacific Equity Partners last week in a $500 million deal.
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Startups

Tech sector to drive recovery in private equity

The technology sector is set to drive recovery in private equity with the sector seen as a safe harbour for investments during COVID-19. 

  • by Cara Waters
Forage co-founders Pasha Rayan and Tom Brunskill have seen huge growth through the coronavirus pandemic.

Education startup scores $13m in funding as learning goes online

Education technology startup InsideSherpa is building on the switch to online learning during the coronavirus pandemic raising $US9.3 million ($13 million).

  • by Cara Waters

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